PrimeXBT and Covesting have entered into a partnership to bring the cutting-edge trading technology that the Covesting team has worked so hard to develop into PrimeXBT’s advanced trading platform. Traders can leverage all the tools the money management module needs to achieve its most significant potential.
The previous money management concept has evolved into a comprehensive peer-to-peer wealth management module. The module offers all of the unique features envisioned by the Covesting team. It shows the full potential of critical components of the margin trading platform. Some new features include z Leverage up to 500x, taking long and short positions, and advanced order types.
These trading tools can disrupt the cryptocurrency market, giving traders of varying levels of experience an equal chance to succeed and profit synergistically.
Initially designed for cryptocurrencies, the Covesting module supports all the assets PrimeXBT offers, including crypto, forex, commodities, and stock indices. The world-class asset diversity, best-in-class trading tools in the financial industry, and disruptive innovation with the Covesting module make the trading platform the ultimate one-stop destination for all digital and traditional financial markets.
Covesting Module on PrimeXBT
PrimeXBT’s Covesting module allows traders worldwide to become fund managers by creating funds for others to invest in. The fund manager benefits by receiving a portion of the profit share from the investor’s success fee. Traders who demonstrate winning strategies regularly improve their public rankings and critical performance indicators. These performance indicators encourage investors to invest in fund manager funds. It helps them choose suitable funds based on their style and risk appetite.
The Covesting module allows investors to view rankings of all available funds. Investors can view descriptions and performance data related to each fund. Valuations provide a snapshot of a fund’s performance and are calculated based on ROI, number of investors, occupancy rate, fund creation date, etc.
Once an investor finds a suitable fund, the investor chooses the amount of principal to invest. The fund is added to the investor’s portfolio. The real-time data on the income generated can be viewed. Investors can withdraw the investment made in the first step where the investment was made.
What is PrimeXBT?
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Getting started with PrimeXBT is easy. From registering to buying your first bitcoin and depositing it into your trading account. It takes a few minutes and a few clicks. An award-winning advanced margin trading platform with all of today’s hottest tools under one roof to kick-start your new cryptocurrency trading career.
PrimeXBT offers up to 500x leverage on crypto, forex, commodities, and stock indices. Today it previewed a new and unique fund management module developed in partnership with Covesting. The preview and upcoming launch are monumental milestones for companies and trading community innovations.